The Stagflationary Cycle Is Turning
Good thought experiment, but would inflation not translate into higher nominal gdp?
Thanks for reading and commenting.
In short term it might, but not beyond that. Persistently high inflation plus the higher debt cost will inevitably eat into GDP growth.
Good thought experiment, but would inflation not translate into higher nominal gdp?
Thanks for reading and commenting.
In short term it might, but not beyond that. Persistently high inflation plus the higher debt cost will inevitably eat into GDP growth.